Niamey, Niger: Niger expects to export its first oil through the new Niger-Benin pipeline in January, marking a significant step for the West African nation in its quest to maximize the value of its natural resources.
Military leader Abdourahamane Tiani announced the anticipated timeline on state television, highlighting the completion of storage tanks in Cotonou, Benin, and the impending transition to the commercial phase.
“The commercialisation phase will start in January,” Tiani declared, emphasizing Niger’s 25.4% share in the daily export volume of 90,000 barrels.
This pipeline, backed by Chinese energy giant PetroChina, represents a critical infrastructure project for Niger, enabling it to tap into the lucrative global oil market and potentially boost its economic development.
Previously, Niger relied on a smaller refinery for domestic fuel needs, but Tiani expressed ambitious plans for refining more oil within the country.
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“Our desire is not to market crude oil,” he stated, outlining a vision for Niger to process its own resources and reap greater benefits from its natural wealth.
Tiani, who assumed power in a July coup, acknowledged that Niger had not fully capitalised on its natural resources in the past. The new pipeline and refinery aspirations suggest a renewed focus on harnessing the country’s potential for economic prosperity.
The news of the imminent oil exports has been met with cautious optimism in Niger. While some express concerns about potential environmental and social impacts of the project, many also see it as an opportunity for growth and development.
Whether Niger can successfully navigate the challenges and capitalise on the opportunities presented by the new pipeline remains to be seen. However, the January launch date marks a significant milestone in the country’s journey towards maximizing the value of its natural resources.